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Archive: October, 2017

Posts in October, 2017

Commitment Ka DIA and Inspiration Ki BATI

October 19, 2017 2247 Views 3 comments Print

Wake up examinee wake up, Every second is precious, energize yourself & raise up. Do not permit any type of stress to enter your mind, Just see your goal, like Arjuna’s Bird’ Eye, keeping all other things aside.

Gist of GST Notifications and circulars issued on 18th October 2017

October 19, 2017 11076 Views 0 comment Print

For Deemed export supplies where recipient is availing the credit . In other cases the supplier has to file refund claim. The cess column is inserted in certain statements in refund claim

Interest on advances received under Sub-Lease Agreement with defective Title

October 19, 2017 1317 Views 0 comment Print

The Bengaluru ITAT, on Wednesday, confirmed the dis allowance of interest expenses claimed on advances received under sub-Lease agreement since there was a defect in the title of the assessee on the subject property.

Evidences required to be produced by supplier of deemed export for claiming refund

October 18, 2017 14895 Views 1 comment Print

Seeks to notify the evidences required to be produced by the supplier of deemed export supplies for claiming refund under rule 89(2)(g) of the CGST rules, 2017

Draft Notification of amendment of Income Tax Rule 17A and Form 10A

October 18, 2017 5577 Views 0 comment Print

Vide Finance Act, 2017, a new clause (ab) was inserted in sub-section (1) of section 12A the Income-tax Act, 1961 (the Act) w.e.f 01.04.2018 to the effect that where a trust or an institution, which has been granted registration under sections 12A or 12AA of the Act

Tips for Taxpayers while Installing new version of Offline Tool on GST Portal

October 18, 2017 4773 Views 0 comment Print

Uninstall any previous version of the tool installed on your system. Extract the -OfflineTool.zip downloaded from portal and install by selecting GST offline Tool icon. For detailed instruction, for installation please refer Read Me file in the extracted folder.

CBEC notifies certain supplies as deemed exports under CGST Act, 2017

October 18, 2017 59574 Views 2 comments Print

Central Government hereby notifies following supplies of goods as deemed exports, namely:-Supply of goods by a registered person against Advance Authorization

Are Safe Harbor margins attractive?

October 18, 2017 3099 Views 0 comment Print

Under Transfer Pricing regulation, Safe Harbor rules means binding rules laid down under law which mandates income tax authorities to accept the transfer price declared by the assesse, if opted for. Further section 92CB provides methods for determination of arm’s length price.

An easy understanding of Insolvency & Bankruptcy code 2016

October 18, 2017 12693 Views 1 comment Print

The Insolvency and Bankruptcy Code, 2016 (the Code) passed by the Lok Sabha on 5th May 2016 seeks to provide a framework for time-bound settlement of insolvency by formulating a survival mechanism or by ensuring speedy liquidation through a formal insolvency resolution process (IRP)

Section 247 of Companies Act 2017-Valuation by Registered Valuers- Applicable from 18.10.2017

October 18, 2017 10554 Views 1 comment Print

Central Government hereby appoints the 18th October, 2017 as the date on which the provisions of section 247 of the Companies Act 2013 shall come into force.

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